StarHub to mandate loan

Singapore''s second biggest telco wants to raise up to S$1.7 billion in a new syndicated loan.

In what will be an interesting benchmark for the telco sector, Singapore's second biggest telecoms company, StarHub wants to raise S$1.7 billion $942.6 million from the loan market. As one banker commented This is a very big loan by Singapore standards.

StarHub has sent out a request for proposals and has set a deadline of April 30, for receiving them. Two consortia are believed to be front runners to win the mandate. One centres around BNP Paribas,...